Data Difficulties in Labor Economics
In: Fifty Years of Economic Measurement: The Jubilee of the Conference on Research in Income and Wealth
This essay sets out a framework for evaluating empirical work in terms of the ability of the data to provide adequate parameter estimates and hypothesis tests about the true underlying structure. Problems of aggregation, representativeness and structural change are discussed in detail. These criteria are applied to evaluate studies of labor supply, labor demand, local labor markets and union goals. Empirical work in labor supply has made the greatest strides because of the appropriateness of the data to answer questions of interest. Studies in the other areas have not made so much progress and will not until the same resources are devoted to collecting longitudinal microeconomic data on firms as have been spent on collecting longitudinal household data.
(This abstract was borrowed from another version of this item.)
|This chapter was published in: ||This item is provided by National Bureau of Economic Research, Inc in its series NBER Chapters with number
5979.||Handle:|| RePEc:nbr:nberch:5979||Contact details of provider:|| Postal: |
Web page: http://www.nber.org
More information through EDIRC
When requesting a correction, please mention this item's handle: RePEc:nbr:nberch:5979. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: ()
If references are entirely missing, you can add them using this form.